NIFTY Options Trading by RAJ

[healthraj]

Closed the positions with 18 points profit.
NIFTY made low 7470 as I expected.
MAX OI / COI at 7500-7600. In both the lower timeframe and hourly charts NIFTY is trading near the Support.

As per JUL-14 OI, the Low could be 7300. But I am not sure whether it will be hit in this Series.

My view is bullish from here.

So I am going two strategies.

JUL-14 Series, SELL the Pair 7300-8000 for 120
JUN-14 Series, BUY 7500CE @ 45, SELL 7600 @ 15 - Net outflow is 30.

Closed the JUN-14 Position with 40 points. Will take another positions in JUN-14 later.

JUL-14 Series position with 20 points profit. - Still holding

MAX OI @ 7500-7700
MAX COI @ 7500-7500, indicating a BO @ 7500

In LTF - There was a BO in the morning which gave 60 points and now once again SELL generated above 7569 SPOT.
In HTF - SELL Generated above the Minor Trend Resistance. Major Resistance at 7633 SPOT

Hopefully if NIFTY is FLAT, the minor trend might be broken today or tomorrow, and might touch 7633 SPOT and might expire above 7600. So there is another 50/60 points left in this Series.

 

[healthraj]

Raj bhai

Maximum OI is at 7500-7600
and Maximum COI is at 7500,

it means market should recover upto 7500, your views

anil

If the MAX COI is at a single Strike say 7500PE-7500CE then it indicates a BO or BD. Yesterday the it was a BD at 7500 and NIFTY made low of 7442 SPOT. Today again the MAX OI @ 7500PE-7500CE and it is a BO and made 60 points from 7500. So 60 points for a BREAKDOWN Yesterday and 60 points for a BREAKOUT today.

 

[healthraj]

From current levels, is Nifty a buy from here or do we see more downside ?
I feel like buying 7500CE. Is it a good idea or can I pair it in some way to reduce risk ?

Maybe sell 2 lots 7550CE June and buy 2 lots 7500PE July ? Does such pair work ? getting used to pairs but sometimes confused

As I have been telling for the past one week, NIFTY will expire around 7600 and so at 7450, it was a BUY. Hopefully if you had bought 7500CE, you should having 60 points profit.

 

[healthraj]

bro from where u get these LTF, hourly and daily pivot points any website thn plz share..

This is from my own tool.

 

[parmit]

Closed the JUN-14 Position with 40 points. Will take another positions in JUN-14 later.

JUL-14 Series position with 20 points profit. - Still holding

MAX OI @ 7500-7700
MAX COI @ 7500-7500, indicating a BO @ 7500

In LTF - There was a BO in the morning which gave 60 points and now once again SELL generated above 7569 SPOT.
In HTF - SELL Generated above the Minor Trend Resistance. Major Resistance at 7633 SPOT

Hopefully if NIFTY is FLAT, the minor trend might be broken today or tomorrow, and might touch 7633 SPOT and might expire above 7600. So there is another 50/60 points left in this Series.

RAJ BHAI
plz what is this LTF, HTF..
and plz answer my previous query too..

thanks in advance

 

[healthraj]

Closed the JUN-14 Position with 40 points. Will take another positions in JUN-14 later.

JUL-14 Series position with 20 points profit. - Still holding

MAX OI @ 7500-7700
MAX COI @ 7500-7500, indicating a BO @ 7500

In LTF - There was a BO in the morning which gave 60 points and now once again SELL generated above 7569 SPOT.
In HTF - SELL Generated above the Minor Trend Resistance. Major Resistance at 7633 SPOT

Hopefully if NIFTY is FLAT, the minor trend might be broken today or tomorrow, and might touch 7633 SPOT and might expire above 7600. So there is another 50/60 points left in this Series.

Opening a BULL Spread in JUN-14 Series.

Bought 7600CE @ 32, SOLD 7650CE @ 14 - Net outflow 18. Hopefully if NIFTY expires above 7600 and below 7650 , then 7650CE will become Zero and 7600CE will be around 30. So the profit would be around 30. Will Try and keep this position till the Expiry.

 

[rajesh_]

Deleted. Sorry to bother.

 

[healthraj]

RAJ BHAI
plz what is this LTF, HTF..
and plz answer my previous query too..

thanks in advance

HTF - Higher Time Trame - My higher Timeframe is normally fixed at 60 minutes

LTF - Lower Time Frame - My Lower timeframe is function of Volatility and HTF. for NIFTY, Since the VOLT is around 18% the LTF works out as 9 minutes (Approximately = 18% of 60 minutes rounded in multiple of 3 minutes)

For a Stock like SBIN, the HTF would be 60 minutes and LTF would be 30 minutes since the Volatility for SBIN is around 50%.

 

[healthraj]

Hi Raj, can you please share us updated excels.

Sorry dear friend. I have been told my many people in this forum that, that would be a foolish act from my side to share my trading system. This tool is based on my five years of hardwork and observation and fine tuning. Even though I have not shared my last version, which is basically giving the levels, I have pretty much shared everything else in the forum. So the last version is for myself. Plus I have not modified my tool for the last 6 months.

But I can tell you there is no Rocket science in my tool or Logic.

I have explained the logic many a times. I will explain it once again for you.

1. For a given set of last 80 candlestick Closing values, Calculate the Trend (I use the excel function called TREND).
2. Then Calculate the standard deviation of these 80 points (I use the excel function STEYX) - You will get a Value XX
3. To the TREND Lines you got from 1, Add the value XX, You should a Get your Trend RESISTANCE.
4. To the TREND Lines you got from 1, Subtract the value XX, You should a Get your Trend SUPPORT.
5. You can add a bit of customization by using the VOLT on top of the RESISTANCE / SUPPORT.
6. I normally calculate two Supports (S1 and S2) and Two Resistances (R1 and R2). Two times XX should give you R2 or S2.
7. To get the MINOR Trend, Repeat the above Steps 1 to 5 using last 30 candlesticks instead of last 80 candlesticks.

In the last 3 months starting from 13-Mar, From the Day I decided to go SLOW, I have been trying only one or two strategies and it works for me. But it will not make me SUPER Rich in a Year. But it has consistently given more than 20% in month. I only Trade options and I mostly SELL options (and sometimes combine with a BUY when I feel there is a Strong direction like Yesterday from 7450/70.). Sometimes I hold my position for a Week just to get 20/25 points.

As long you don't experiment and develop your own system, my opinion is any great system would not be useful for somebody. So please try and develop a system which would suit your trading method.

 

[anilnegi]

Sorry dear friend. I have been told my many people in this forum that, that would be a foolish act from my side to share my trading system. This tool is based on my five years of hardwork and observation and fine tuning. Even though I have not shared my last version, which is basically giving the levels, I have pretty much shared everything else in the forum. So the last version is for myself. Plus I have not modified my tool for the last 6 months.

But I can tell you there is no Rocket science in my tool or Logic.

I have explained the logic many a times. I will explain it once again for you.

1. For a given set of last 80 candlestick Closing values, Calculate the Trend (I use the excel function called TREND).
2. Then Calculate the standard deviation of these 80 points (I use the excel function STEYX) - You will get a Value XX
3. To the TREND Lines you got from 1, Add the value XX, You should a Get your Trend RESISTANCE.
4. To the TREND Lines you got from 1, Subtract the value XX, You should a Get your Trend SUPPORT.
5. You can add a bit of customization by using the VOLT on top of the RESISTANCE / SUPPORT.
6. I normally calculate two Supports (S1 and S2) and Two Resistances (R1 and R2). Two times XX should give you R2 or S2.
7. To get the MINOR Trend, Repeat the above Steps 1 to 5 using last 30 candlesticks instead of last 80 candlesticks.


Dear Raj bro

can you provide the earlier excel file from where we can calculate last 80 candlestick closing value, we dont want to be super rich only rich will suffice our need.:lol::lol::lol: